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the pressure is increasing in washington. senate majority leader harry reid was reportedly at the capital on christmas working on a scaled-down plan as to avoid tax hikes. president obama is coming back from hawaii today because of the issue. >>> after a day off, investors are headed back to wall street. within an hour we are expecting new numbers on the housing market in u.s. cities. erica ferrari from moneywatch.com is on the job in new york. >> reporter: good morning. asian markets were up this morning as investors snapped up year end stocks. tokyo's nikkei added 1.5% as japan swore in a new prime minister. the shanghai composite was up .25%. investors will return to wall street with concerns over the "fiscal cliff." on monday, before closing for christmas the dow lost 52 points while the nasdaq dropped 8. the white house says the president is cutting its vacation in hawaii short to deal with "fiscal cliff" negotiations. his focus, figure out a plan to avoid the huge spike in taxes and spending cuts set to take effect in 6
the pressure is increasing in washington. senate majority leader harry reid was reportedly at the capital on christmas working on a scaled-down plan as to avoid tax hikes. president obama is coming back from hawaii today because of the issue. >>> after a day off, investors are headed back to wall street. within an hour we are expecting new numbers on the housing market in u.s. cities. erica ferrari from moneywatch.com is on the job in new york. >> reporter: good morning. asian...
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Dec 26, 2012
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the pressure is increasing in washington. senate majority leader harry reid was reportedly on capitol hill at christmas working on a scaled-down plan to avoid tax hikes for all but the wealthiest americans. his plan would also include short-term spending cuts instead of long-term deals that have been sought. president obama will cut short his hawaiian vacation around return to washington today to take part in those negotiations. christmas day the president and first lady met with servicemembers and families. the president told marines he was grateful for their service and posed for pictures. >>> more bay area headlines. one of santa's helpers put in a little overtime on christmas but instead of a sleigh and reindeer, san jose postal worker nancy ray used this a mail truck. ray is carrying on a decades old tradition of delivering packages to people on christmas. this is the third year ray has put her sant suit. she started working in the san jose post office 20 years ago and said this is a job she always wanted. >> some books,
the pressure is increasing in washington. senate majority leader harry reid was reportedly on capitol hill at christmas working on a scaled-down plan to avoid tax hikes for all but the wealthiest americans. his plan would also include short-term spending cuts instead of long-term deals that have been sought. president obama will cut short his hawaiian vacation around return to washington today to take part in those negotiations. christmas day the president and first lady met with servicemembers...
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the president is going back to washington. congress is also coming back tomorrow. there's less than one week left to avert the tax hikes and automatic cuts that go in to effect january the 1st. it looks like any deal will be a lot smaller than everyone want. >> realistically, i personally i don't think we'll get the big plan in the next six days. be great if we could . >> but this morning, bernie sanders said the blame is with the republicans. >> there's really a great deal of concern that the republican party failed to do anything. that it seems that in the house now boehner has no control over his extreme right wing faction. >>> want to bring in david nakamara and meredith shiner. david, i'll start with you. you know, the president coming back for appearance sake as some might say or, you know, when we look at what he can do tomorrow what might he have in the works here? >> richard, i think to get a look at that, look at friday scaling down the proposal. he said i want a big deal ultimately but before the new year we don't have time and probably going to work wit
the president is going back to washington. congress is also coming back tomorrow. there's less than one week left to avert the tax hikes and automatic cuts that go in to effect january the 1st. it looks like any deal will be a lot smaller than everyone want. >> realistically, i personally i don't think we'll get the big plan in the next six days. be great if we could . >> but this morning, bernie sanders said the blame is with the republicans. >> there's really a great deal of...
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Dec 26, 2012
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i love the story about washington. fdr was intent on getting the jefferson memorial built and dedicated in parts of the democrats to compete with the republicans and lincoln. the lincoln memorial. >> everything is political. >> it's all local and legacy and things change of course. >> and they don't. >> and they don't. >> john meachem, a wonderful book. something everybody should have performed and stuffed under the hanukkah bushes or christmas tree. >> it's nail biting time as the cliff gets closer and as one of the daily run down friends puts it, president obama's comment is getting bourqued. first the white house soup of the day for all you folks in hawaii, it's coconut shrimp. it won't taste too good with all the snow i have going on behind me. check out our website. run down.msnbc.com. [ woman ] ring. ring. progresso. i just finished a bowl of your new light chicken pot pie soup and it's so rich and creamy... is it really 100 calories? let me put you on webcan... ...lean roasted chicken... and a creamy broth mmm i
i love the story about washington. fdr was intent on getting the jefferson memorial built and dedicated in parts of the democrats to compete with the republicans and lincoln. the lincoln memorial. >> everything is political. >> it's all local and legacy and things change of course. >> and they don't. >> and they don't. >> john meachem, a wonderful book. something everybody should have performed and stuffed under the hanukkah bushes or christmas tree. >> it's...
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today's washington post. "richard ar armey walked in with his wife, susan, and and aide holstering a handgun. the gun wielding assistant ses courted freedom works' top two employees off the prem sis while armey suspended several others. the cue lasted all of six days. what does people like this at this main tea party organization for the move itself? msnbc political analyst. he's also rorlted on the freedomworks story. joan walsh is editor at large and an msnbc political analyst. >> you start with what you've got. dick armey, i've known forr. he's really rich and eccentric. if he was rich, you'd say eccentric. the other guy is on here all of the time. who's the good guy? who's the bad guy? in this fight. >> i think they should say i achl. but it's become very bitter. >> but coming in with a gun, an armed guard and telling everybody to get out. >> that story obviously came about because people favorable wanted to get that out and make dick armey look a a complete madman. i spoke to dick armey and a spoke to th
today's washington post. "richard ar armey walked in with his wife, susan, and and aide holstering a handgun. the gun wielding assistant ses courted freedom works' top two employees off the prem sis while armey suspended several others. the cue lasted all of six days. what does people like this at this main tea party organization for the move itself? msnbc political analyst. he's also rorlted on the freedomworks story. joan walsh is editor at large and an msnbc political analyst. >>...
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Dec 26, 2012
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with us from washington, cohost of the cycle krystal ball. so ryan, we've got the president heading back to washington to head off the fiscal cliff. but he's also got some second term appointments on his agenda. one being the next secretary of defense. did you expect to see chuck hagel of all people so embattled from both sides? >> well, yes, sort of. yourn, you know that john mccain hates the guy. you know, he -- and he didn't create a lot of friends toward the end of his time and throughout most of his time as a senator. because he didn't really tow the party line on policy. he broke with republicans on the iraq war. and so he oftentimes would give democrats a way of saying what they were doing was bipartisan and then had the sheen of the veblt of a guy like hagel so it's this guy that's been a thorn in their side the whole time. now here he is he might be elevated to secretary of defense. and you could see that's going to bother the same types of people that seem to be bothered by every other person that's floated by obama. and that's mcca
with us from washington, cohost of the cycle krystal ball. so ryan, we've got the president heading back to washington to head off the fiscal cliff. but he's also got some second term appointments on his agenda. one being the next secretary of defense. did you expect to see chuck hagel of all people so embattled from both sides? >> well, yes, sort of. yourn, you know that john mccain hates the guy. you know, he -- and he didn't create a lot of friends toward the end of his time and...
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we didn't get any presents from lawmakers in washington yet. we're still five days away from falling off the proverbial fiscal cliff and wall street, like everybody else, is waiting for some kind of a solution here, and as you can see by today's numbers the waiting game continues, although we thank brian sullivan and you, mandy, for bringing us back to positive territory in the last hour. >> i'm not sure we can take credit but we'll take it. >> the dow is up a fraction at the moment. 13,139 after a meandering much of the day. the nasdaq hardest hit today. technology has been very volatile recently. still down a fraction right now. 13 points, fraction percentage-wise and the s&p is down 3.33 at 1423. five days left until the fiscal cliff deadline, and though the market has been very resilient to this point, what happens if we go over the cliff and if lawmakers cannot get it together come january 1st? will it be a big meltdown for wall street? that's what everybody wants to know. >> certainly hope know. in today's "closing bell" exchange, former
we didn't get any presents from lawmakers in washington yet. we're still five days away from falling off the proverbial fiscal cliff and wall street, like everybody else, is waiting for some kind of a solution here, and as you can see by today's numbers the waiting game continues, although we thank brian sullivan and you, mandy, for bringing us back to positive territory in the last hour. >> i'm not sure we can take credit but we'll take it. >> the dow is up a fraction at the...
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. >>> president obama will cut his hawaiian vacation short today and return to washington to take part in "fiscal cliff" negotiations. >>> holiday sales grew at a weak pace this year. the weakest in four years. mastercard advisors spending pulse reports that sales in the two months before christmas increased .7% over last year. a lot of analysts expected sales to be up 3 or 4%. but wait, there is more. when i worked in retail when i was in college, christmas was busy enough. but the day after christmas? it was unbelievable! cbs 5 reporter cate caugiran is in san leandro where after- christmas shopping has already started. >> reporter: yes, brian. it started at 5:00 this morning at the bay fair center in san leandro. according to a consumer reports poll about 1 in 7 adults will return a christmas gift so that's part of it. for the other part i'm joined live now with keith mchugh with the shopping center here braving the rain with us, as well. thank you so much for joining us. >> my pleasure. >> reporter: what brings shoppers out here the day after christmas? it's the holiday, you think
. >>> president obama will cut his hawaiian vacation short today and return to washington to take part in "fiscal cliff" negotiations. >>> holiday sales grew at a weak pace this year. the weakest in four years. mastercard advisors spending pulse reports that sales in the two months before christmas increased .7% over last year. a lot of analysts expected sales to be up 3 or 4%. but wait, there is more. when i worked in retail when i was in college, christmas was busy...
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this morning the ceo shulz asked all of his washington, d.c. employees to , come together. >> if you are looking to turn that ugly sweater -- to return that ugly sweater from aunt imagine, today may not be the best -- day. >>> good morning. more signs of recovery in the housing market numbers show home prices climbed in the 12 months through october by the most in more than two years more than 4% gain if you look on the month-to-month increase, san francisco coming in number five, las vegas had the biggest monthly gain. christmas is over, let the returns begin. if you received any gifts you don't want, you might want to wait a few days to return it. today is the worst days to do returns because the lines are longest, store clerks burned out. in the markets, pretty quiet at the moment]ó;o, slight gains for the benchmark averages as well as bloomberg index, a lot of wait and see. as people unwrap new gifts a green citizen says don't forget to recycle old electronics, it expects to see a 30% rise in e-waste between now and february, the biggest b
this morning the ceo shulz asked all of his washington, d.c. employees to , come together. >> if you are looking to turn that ugly sweater -- to return that ugly sweater from aunt imagine, today may not be the best -- day. >>> good morning. more signs of recovery in the housing market numbers show home prices climbed in the 12 months through october by the most in more than two years more than 4% gain if you look on the month-to-month increase, san francisco coming in number...
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come back to washington, first and foremost. dennis: a musical about some guy singing about his real feelings. lori: we are looking at the markets. tracy: i would like to see that, but i have not. lori: i have only seen it on broadway. stalks off to a tough start. early numbers point to a tough season. tracy: a nice and shiny fiscal cliff. president obama cut his vacation short. we are tracking where it is headed next. we are expecting negotiations to continue tomorrow. there is talk now that that may not happen. time to head down to the new york stock exchange with nicole petallides. nicole: merry christmas to everybody. the vix, the fear index, has been to the upside. whether or not washington will solve the worries about the so-called fiscal cliff approaching quickly. here is a look at the dow. 13,100 even. most of the dow components are under pressure. hewlett-packard doing well and bank of america in the financial round. it really is being laid upon by the retailers. i no adam shapiro will add on to that. there is a look at
come back to washington, first and foremost. dennis: a musical about some guy singing about his real feelings. lori: we are looking at the markets. tracy: i would like to see that, but i have not. lori: i have only seen it on broadway. stalks off to a tough start. early numbers point to a tough season. tracy: a nice and shiny fiscal cliff. president obama cut his vacation short. we are tracking where it is headed next. we are expecting negotiations to continue tomorrow. there is talk now that...
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we need to see much more business and action out of washington. the cities require it, mayors need it, more importantly, americans are demanding it. >> something you'd like to see action on, mayors against illegal guns, there seems to be this push towards that. mr. biden has his own commission regarding it, but there is a worry amongst some folks once time passes, once we get past the state of the union, this could fizzle out. knowing how much gun control has talked about -- >> not going to happen. >> why not? why is it going to stay a pertinent part of the conversation in the public going forward? >> i think the public has been shocked and their conscience has been put on the carpet here with this one, and the totality of newtown, aurora, tucson, a number of others, this just bizarre situation out of webster, new york, guy sets a fire, firefighters come and he basically tries to take target practice and picks off a number of them, killing two, injures another two, damaging other people's homes. i guess, you know, out of last week's bizarre press
we need to see much more business and action out of washington. the cities require it, mayors need it, more importantly, americans are demanding it. >> something you'd like to see action on, mayors against illegal guns, there seems to be this push towards that. mr. biden has his own commission regarding it, but there is a worry amongst some folks once time passes, once we get past the state of the union, this could fizzle out. knowing how much gun control has talked about -- >> not...
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south 101 washington accident in the median in petaluma if you are making your way out now of cotati towards petaluma. >>> coming up, it is for the birds. why more than 100 volunteers are getting ready to track the number of species that call san francisco home. >>> going bowling -- preview of today's bowl games. >>> you are looking live from our rooftop camera buildings decorated for the holidays in downtown san francisco, rain showers, a break from that tomorrow. >>> looks so beautiful and peaceful now but it is raining and that is going to continue today. >> you get to focus on the fun stuff. it is raining now, san leandro heading towards hayward, getting close to the san mateo bridge now pulling away from south san francisco and airport heading towards burlingame, hillsborough,7-í pacifica on its way to san mateo as we speak. everybody getting wet weather except san diego and high deserts now, dry but that is also heading towards that area. 60s down there, most of us in the 50s until you get to chico, 49, sierra it is snowing now, you need chains up there. winter weather advisor
south 101 washington accident in the median in petaluma if you are making your way out now of cotati towards petaluma. >>> coming up, it is for the birds. why more than 100 volunteers are getting ready to track the number of species that call san francisco home. >>> going bowling -- preview of today's bowl games. >>> you are looking live from our rooftop camera buildings decorated for the holidays in downtown san francisco, rain showers, a break from that tomorrow....
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washington d.c. $119, you may have to be flexible tuesday, wednesday, saturday, seven days a week, out of new york and boston and places like that under $200 and january and february, anywhere from 10 degrees warmer in fort lauderdale and miami that orlando and tampa. florida is a good place. my son lives in orlando. look what i look like and i am freezing. that is a good one. if you are looking for a guarantee, 82 degree weather place, maybe you want to look at san juan, pr. we are seeing some dirt cheap air fares. if you live in florida and want to get away from the snowbirds go from orlando, tampa or for lauderdale to san juan for $189. if you live in new york or boston you will find the mid 200s. even hawaii, you will lose all your crew today because in january, newark to honolulu, by the time you get there, it will be all gone but $419. >> you are going to lose a great deal. we have a little time. i want to get quickly, first class domestic fares, you can get a good deal and fly up front. quickl
washington d.c. $119, you may have to be flexible tuesday, wednesday, saturday, seven days a week, out of new york and boston and places like that under $200 and january and february, anywhere from 10 degrees warmer in fort lauderdale and miami that orlando and tampa. florida is a good place. my son lives in orlando. look what i look like and i am freezing. that is a good one. if you are looking for a guarantee, 82 degree weather place, maybe you want to look at san juan, pr. we are seeing some...
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he's waiting at our washington, d.c. office to see if he can locate us on the street using only the invisible information embedded in a snapshot we'll post on the web. i'm using instagram. he's going to look at your picture and see if he can find it based on the data in the photograph. in an instant, hong finds us at 19th and m street. all right, this is our guy. >> are you serious? >> reporter: it's not magic, if you've turned on instagram's location setting, data collected with a photo can actually display your location on a map. you want to explain to david what you did? >> i was looking at the photos and they have the location on there. >> reporter: it's all made possible in a new reality of smartphones and the way they track you using your applications, photos, and games. you looked at some of the most popular smartphone applications? >> that's right, so we looked at the top 100 apps and turns out half had privacy concerns and they are collecting or using sensitive information. this is a really fun game, you know, l
he's waiting at our washington, d.c. office to see if he can locate us on the street using only the invisible information embedded in a snapshot we'll post on the web. i'm using instagram. he's going to look at your picture and see if he can find it based on the data in the photograph. in an instant, hong finds us at 19th and m street. all right, this is our guy. >> are you serious? >> reporter: it's not magic, if you've turned on instagram's location setting, data collected with a...
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-- >> washington times liberal? -- financial times liberal? >> well, they endorsed obama. they said it was the same budget he proposed in 2011 that got -- gregg: i'm out of time. basil, give me your prediction come next tuesday, will there be a deal or not? >> i think harry reid will do a stopgap deal, and we'll be back at the drawing board. gregg: tony 134. >> that's what's going to happen at best, and it's not going to solve the problem. we need the grand bargain, we really do. gregg: good to see you both. >> good to be here. >> thanks so much, gregg. heather: coming up, a potentially major strike threatening the u.s. economy from coast to coast as business leaders ask where is president obama? with poor workers on the brink of a walkout that could cost billions. gregg: and we are learning more about the man who killed two firefighters, upstate new york. we're going to talk with a clinical psychologist about how a man like this could slip through the cracks, a man who claimed in his farewell note that killing peop
-- >> washington times liberal? -- financial times liberal? >> well, they endorsed obama. they said it was the same budget he proposed in 2011 that got -- gregg: i'm out of time. basil, give me your prediction come next tuesday, will there be a deal or not? >> i think harry reid will do a stopgap deal, and we'll be back at the drawing board. gregg: tony 134. >> that's what's going to happen at best, and it's not going to solve the problem. we need the grand bargain, we...
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the president will leave hawaii very late tonight to come back to washington, d.c. to we in town as the senate and house reconvene tomorrow. >> congresswoman nan hayworth is here. i don't know what to ask you, we keep counting down the days waiting for a deal. you are waiting for a deal too. what are the odds -- but i should say realistically where is the republican party at in coming together and signing anything? >> we want to get the job done and in august the house passed and not just with republican votes, but with democratic colleagues as well, we passed extension of all the '01 and '03 tax relief, pending full tax reform so we can get the economy to grow again. because the common link we all have is that we want to see 23 million unemployed or underemployed american goes back to work. the only way to do is to provide relief to employers. small ones, big ones. the president has talked about lowering corporate tax rates, high nest the world. that's terrific. but we have the majority of small businesses that do 2/3 of the hires in the country. a majority of them
the president will leave hawaii very late tonight to come back to washington, d.c. to we in town as the senate and house reconvene tomorrow. >> congresswoman nan hayworth is here. i don't know what to ask you, we keep counting down the days waiting for a deal. you are waiting for a deal too. what are the odds -- but i should say realistically where is the republican party at in coming together and signing anything? >> we want to get the job done and in august the house passed and...
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kelly: that is a lot of talk going around in circles in washington right now. you're very optimistic something can be done but on the other hand there are several economist, juan, that predict indeed we'll go over the fiscal cliff and the inaction of congress has the potential of plunging the united states into another recession. that said, they can't afford to becoming a reality. >> so far they have been very fortunate that the markets have not reacted with panic. you have not seen any plunge on wall street and the like but once you go over the cliff, especially if it is not just a matter of a day or two to allow for a house vote, but if it is really the case that politicians here in washington are so dysfunctional, kelly, they can not get the people's business done, i think then you will see a market reaction that, as you describe it, could plunge the country back into recession and it is not just the united states. remember, we're the world leader in terms of so much when it comes to the economy. it could cause worldwide implications. europe already is on th
kelly: that is a lot of talk going around in circles in washington right now. you're very optimistic something can be done but on the other hand there are several economist, juan, that predict indeed we'll go over the fiscal cliff and the inaction of congress has the potential of plunging the united states into another recession. that said, they can't afford to becoming a reality. >> so far they have been very fortunate that the markets have not reacted with panic. you have not seen any...
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he plans to leave hawaii tonight to return to washington d.c. on thursday. the president is returning to the white house to work on its fiscal cliff deal before the year inns. without an agreement, automatic tax increase is for everyone and deep spending cuts will be triggered in the new year. the >> the death toll has risen to six from winter storms in the nation's midsection. if this is video automobile, alabama. an enormous storm system that brought snow and sleet to the nation's midsection and tournedos to the deep south is now moving its way toward the northeast. >> we are still tracking pretty good storm sales as you can see here is a live look as storm tracker 4. san for cisco is starting to dry out. we are still seeing pretty good rain coming out towards ever bring and 101. \ evergreen and 101. hayward and union city are also looking at moderate rain showers that are coming through. richmond and certain parts oakland are also looking at light rain. all the rain will stick a round and we will have scattered showers for the rest of the day. showers wil
he plans to leave hawaii tonight to return to washington d.c. on thursday. the president is returning to the white house to work on its fiscal cliff deal before the year inns. without an agreement, automatic tax increase is for everyone and deep spending cuts will be triggered in the new year. the >> the death toll has risen to six from winter storms in the nation's midsection. if this is video automobile, alabama. an enormous storm system that brought snow and sleet to the nation's...
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with the way things work in washington, can anything be done before year's end? white house correspondent brianna keilar following this. what is the latest? >> reporter: it's honestly very unclear, drew, if something is going to happen. obviously we will see some actions to try to avert the fiscal cliff. president obama cutting his vacation in hawaii almost two weeks short to head back as the senate and the house reconvene and we are looking to the senate, where senate majority leader harry reid will be trying to put together a bill that can get some republican support in the senate but also and more importantly some republican support in the house, where obviously we saw negotiations fall apart with president obama last week, so we're waiting for this proposal to see kind of what shape it takes. the white house wants those bush era tax cuts on the first quarter million dollars of earnings to be preserved, that's what the white house has been pushing. it's unclear if that is going to be the proposal that harry reid puts out, if maybe it will go higher in order to
with the way things work in washington, can anything be done before year's end? white house correspondent brianna keilar following this. what is the latest? >> reporter: it's honestly very unclear, drew, if something is going to happen. obviously we will see some actions to try to avert the fiscal cliff. president obama cutting his vacation in hawaii almost two weeks short to head back as the senate and the house reconvene and we are looking to the senate, where senate majority leader...
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six days, dana bash, from washington. thank you. >> reporter: thank you. >>> now to this wild weather causing a headache for holiday travelers. snow and sleet are disrupting things for drivers in indiana right now. the day after christmas usually means a trip to the mall. for a lot of people. checking for sales or exchanges, you know the deal. but for people like the ones you're seeing now, and others in the midwest and south, this is cleanup time. they have got the shovels out. they have got the snow blowers. they have got to clear that ice after tornadoes also like this one touched down last night. look. >> it's right there. >> we got to hurry up and get past. >> yeah, this is one of 30 tornadoes that spun out of the storm system that damaged at least 125 homes and businesses. happened across alabama, other parts of the south overnight. and we have learned now that more than 25 people were injured in mississippi. three people died in texas, oklahoma and arkansas. officials are working to restore power to about 21,000 cu
six days, dana bash, from washington. thank you. >> reporter: thank you. >>> now to this wild weather causing a headache for holiday travelers. snow and sleet are disrupting things for drivers in indiana right now. the day after christmas usually means a trip to the mall. for a lot of people. checking for sales or exchanges, you know the deal. but for people like the ones you're seeing now, and others in the midwest and south, this is cleanup time. they have got the shovels out....
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let's hope boehner's back in washington, obama's back in washington tomorrow. the players are there. harry reid is there. let's hope that they get there and for the sake of the country for the sake of our stability of our fiscal well, they get together on a plan that works. nobody will get 100% of what they want. hopefully somebody -- we get enough of what we want to keep the wheels turning. >> ana, do you think speaker boehner's leadership is suffering while this crisis continues? >> you know, i think a little bit of both to be honest with you. certainly he tried to get something from his caucus last week. that didn't work. that was not a strong moment for him. it was a moment of weakness. but at the same time, i think he looks like he's really trying. and it also paints the picture and makes it obvious that, you know, he's not just negotiating with president obama. he also has to then come back and sell to his own people, sell to his own caucus, which at points may be even more difficult than negotiating with the white house. so it tells us all just how compl
let's hope boehner's back in washington, obama's back in washington tomorrow. the players are there. harry reid is there. let's hope that they get there and for the sake of the country for the sake of our stability of our fiscal well, they get together on a plan that works. nobody will get 100% of what they want. hopefully somebody -- we get enough of what we want to keep the wheels turning. >> ana, do you think speaker boehner's leadership is suffering while this crisis continues?...